117: The Fastest Path to Side Hustle Cash Flow?

I’ve been following the Empire Flippers podcast with Justin Cooke and Joe Magnotti for a really long time. It’s been fun to watch their evolution from building tiny Adsense sites, running an outsourcing company in the Philippines, selling WordPress themes, and now really focusing in on their website brokerage business.

I even actually bought a site through their service last year, as another side hustle experiment, but sadly it didn’t go well.

But despite that bad experience, I’m still bullish on the idea of investing in websites and think this is an attractive side hustle for people with more money than time.

Consider this: it’s MUCH easier to buy an existing cash flow than to create one entirely from scratch.

In this episode, I’m excited to sit down with Justin to dive into the business model of investing in sites, where to look for these “digital real estate” opportunities, some pitfalls to avoid, and even some creative financing options.

Haha I felt the same way when we jumped on Skype for the first time — like oh this is really the first time we’ve spoken? You get used to a certain voice in your earbuds and you feel like you know the person :)

Any income produced by an asset in an IRA needs to go to the IRA, and same for the expenses. So if someone under retirement age is looking for income, that will not work. There may also be issues with actively managing/working for a business that is owned by your ira. Passively investing with an sdira to build a retirement fund would be a possibility for sure though.